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Contingent Valuation/Evidence
Method evidence record

Contingent Valuation

Contingent Valuation (CVM), developed by Robert Davis in the 1960s, is a survey-based method for estimating the economic value of non-market environmental goods and services—such as wilderness preservation, air quality, or species protection—by directly asking people their willingness to pay (WTP) for specified improvements or willingness to accept (WTA) compensation for losses. It provides a valuation where market prices do not exist.

Sources recorded, not reviewed

Source record

Citations copied verbatim from the method’s source record. No claim-level verification is inferred from them.

Contingent Valuation Method (CVM)
Taxonomic method record · process-pipeline / economics
  • Mitchell, R. C., & Carson, R. T. (1989). Using Surveys to Value Public Goods: The Contingent Valuation Method. Resources for the Future. · URL
  • Arrow, K., Solow, R., Portney, P. R., Leamer, E. E., Radner, R., & Schuman, H. (1993). Report of the NOAA Panel on Contingent Valuation. Federal Register, 58(10), 4601–4614. · URL
  • Bateman, I. J., Carson, R. T., Day, B., Hanemann, M., Hanley, N., Hett, T., & Loomes, G. (2002). Economic Valuation with Stated Preference Techniques: A Manual. Edward Elgar. · URL
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Related methods

Generated from the method graph and shown as machine-suggested relations — no evidence claim is inferred.

Often confused withHedonic Pricingmachine-suggested · Relational suggestion, not evidence.Often confused withSlutsky Equationmachine-suggested · Relational suggestion, not evidence.Taxonomic bucketTravel Cost Methodmachine-suggested · Relational suggestion, not evidence.

Evidence status

Sources recorded, not reviewed

Bibliographic sources are present. Claim-level evidence review has not been performed.

Sources

3 recorded citations, copied from the method source record.

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